A top crypto strategist thinks Solana (SOL) will continue to outperform Ethereum (ETH) this cycle as interest in the fifth-largest crypto project remains high. Pseudonymous analyst The Flow Horse tells his 253,400 followers on the social media platform X that Solana will likely outperform Bitcoin (SOL/BTC) this cycle the way ETH did in prior cycles. […]
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A closely followed crypto analyst is lining up six key events that could trigger the next big move up for altcoins. In a new YouTube update, the host of InvestAnswers lays out six potential catalysts that could cause altcoins to explode in 2025. “These are the top six items that I see as being critical […]
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The network now holds approximately $5 billion worth of stablecoins, mostly made up of USDC.
Solana onboarded an additional $1 billion in stablecoin total value in December, primarily in USD Coin (USDC), according to data from DefiLlama.
The inflows highlight accelerating stablecoin adoption and the Solana network’s rise to prominence in 2024, particularly in decentralized finance (DeFi).
Solana now hosts approximately $5 billion in stablecoin total value locked (TVL), with nearly $4 billion of that comprising USDC, according to the data.
In 2022, the Terra blockchain and UST stablecoin imploded, leaving a trail of devastation that only worsened when FTX collapsed later that year. The crypto asset solana (SOL) took a hard hit, plunging to alarming lows. By January 2023, SOL was scraping the bottom of the barrel in terms of price. Yet, in an unforeseen […]
Elisa Rossi, the ex-wife of Solana co-founder Stephen Akridge, accused him of taking millions of dollars worth of her SOL staking rewards.
Solana co-founder Stephen Akridge was sued by his ex-wife, who accused him of secretly profiting from her stash of the blockchain’s token through staking rewards.
Akridge was hit with a lawsuit filed in San Francisco’s Superior Court on Dec. 24 by Elisa Rossi, who alleged her ex-husband earned “millions of dollars in staking rewards” from Solana (SOL) tokens she claims are hers, without her knowledge.
The complaint said Akridge was Solana Labs’ principal engineer after helping establish the company in 2018. He is now CEO of the cybersecurity company Cyber Grant.
Venture capitalist Chris Burniske says crypto investors with long-term conviction should be chomping at the bit for entries into the market amid the correction. Burniske, a former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says that Bitcoin (BTC) has likely already printed its lows for the bull run, and given that […]
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A co-founder of Ethereum (ETH) rival Solana (SOL) is reportedly facing a lawsuit for allegedly misappropriating the income earned from his former wife’s crypto holdings. Bloomberg reports that Elisa Rossi has filed a complaint with the San Francisco Superior Court accusing her ex-husband Stephen Akridge of stealing millions of dollars worth of staking rewards gained […]
The post Solana Co-Founder Sued for Allegedly Stealing ‘Millions of Dollars’ Worth of Crypto Staking Rewards: Report appeared first on The Daily Hodl.
A closely followed crypto analyst is predicting where the price of Bitcoin (BTC) and Solana (SOL) will peak during the current market cycle. In a new video update, the host of InvestAnswers tells his 552,000 YouTube subscribers that he’s expecting the top crypto asset by market cap to soar by at least 43% from current […]
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Macro guru Raoul Pal says that despite XRP looking very strong, one Solana (SOL) killer is set to outperform it. In a new strategy session, Pal takes a look at Sui against XRP (SUI/XRP) and suggests that the trading pair is in a long-term ascending channel and has already touched the bottom range, implying that […]
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Analytics firm Glassnode says Solana’s (SOL) momentum on the monthly time frame is waning in comparison to Bitcoin (BTC) and Ethereum (ETH). On the social media platform X, Glassnode examines the Realized Cap metric, which records the price at which each coin was last moved and aims to gauge how many holders are in profit […]
The post Solana Witnessing ‘Diminishing Momentum’ Compared to Bitcoin and Ethereum, According to Glassnode – Here’s Why appeared first on The Daily Hodl.
